Quick implementation, tangible results, and long-term stability. Shanxi Province is making every effort to do a good job in medium- and long-term loans for the manufacturing industry.

1. Act upon orders and quickly form a joint effort of departmental coordination and system linkage

Receive national development and reform After the committee's notice, Shanxi Province made urgent arrangements and promoted it at a high level. Based on the special team of Shanxi Province's coordination mechanism for promoting effective investment in important projects, the provincial, municipal and county levels collaborated to take extraordinary measures and insist on high efficiency and high quality to sort out and plan projects. In one month, Shanxi Province submitted four batches of 843 projects to the National Development and Reform Commission, of which 378 were approved by the National Development and Reform Commission. The total loan demand exceeded 100 billion yuan and is expected to drive nearly 200 billion yuan in project investment.

Second, continue to make efforts to speed up the resolution of problems in loan implementation through the "red, yellow and green light" mechanism

Shanxi The province insists on taking the implementation of funds as an important indicator to measure the effectiveness of work. To schedule the signing and release of "green light" projects every week, the Shanxi Provincial Development and Reform Commission and the Taiyuan Central Branch of the People's Bank of China organized 20 branches of national banks in Shanxi to promptly sort out existing problems in loan release, forming a joint effort between government, banks and enterprises to jointly promote solutions . As of December 31, 2022, all "green light" projects in the province have completed the signing of contracts, and are continuing to serve project construction and pay close attention to the follow-up work of loan lending. Daily dispatch of "yellow light" projects in the element guarantee category and credit enhancement support category, continuously improves the working mechanism, consolidates local responsibilities, pays close attention to and solves the blocking points in project implementation, breaks the routine, and accelerates the realization of project conversion rate. As of December 31, 2022, all "yellow light" projects in the province's element guarantee category and credit enhancement support category have been guaranteed. Continue to strengthen project reserves, focus on key industries, key enterprises, and major projects included in the plan for high-quality economic development, constantly improve project reserves, and strive to allow projects to wait for opportunities and not to allow opportunities to wait for projects.

3. Proceed steadily and make the work stand the test

Insist on the "three musts and three nos" work requirements Throughout the work of medium and long-term loans in the manufacturing industry,Ensure that good things are done well and things are done realistically. The "three musts" are: to prevent compliance risks and avoid project fraud; to guard against debt risks and not form hidden debts of local governments; to guard against integrity risks, and ensure that project recommendation, bidding, fund payment, etc. It is necessary to strictly implement the responsibility system for preventing corruption risks. The "three no's" are: taking the willingness of enterprises, overall controllability of risks, and market-oriented and legalized methods as the three yardsticks for promoting medium- and long-term loans, and no coercion, no apportionment, and no hidden dangers.

With the joint efforts of the entire province, medium and long-term loans in the manufacturing industry have achieved remarkable results. According to statistics from the Taiyuan Central Branch of the People's Bank of China, medium and long-term loans to the manufacturing industry in the province bucked the trend from January to November, with an increase of 30.168 billion yuan, an increase of 19.709 billion yuan year-on-year. At the end of November, the province's manufacturing industry's mid- and long-term loan balance was 155 billion yuan, a year-on-year increase of 27.8% (calculated on a comparable basis).

Specifically, the linkage between government, banks and enterprises is closer, the lending process is more optimized, and the effect of serving the real economy and precise support is more significant and efficient. The Shanxi Provincial Branch of the National Development Bank issued a work plan to expand special financial services for medium and long-term loans to the manufacturing industry, providing special support in terms of approval and authorization, review policies, loan pricing, etc., and disbursed funds for three projects including the upgrading and transformation of Taizhong Group's intelligent high-end equipment production line Medium and long-term loans for the manufacturing industry were 510 million yuan. China Construction Bank Shanxi Branch optimized the credit approval process, accelerated the financing docking of projects on the list, completed the entire credit approval process in just 4 days, and provided 180 million yuan in fixed asset loan support to Taizhong Group Yuci Hydraulic Industry Co., Ltd. for The construction of supporting cylinder development projects for hydraulic excavators helps manufacturing companies optimize production processes and expand production capabilities. ICBC Shanxi Branch coordinated the front, middle and back offices to optimize business processes, design and improve financing plans simultaneously with the handling banks, and improve business promotion efficiency by applying for special authorization from the head office. After continuous hard work, Taizhong Intelligent High-End Hydraulic Excavator Industry Project, Taizhong Group's two manufacturing mid- and long-term loan projects, which have moved out of the city and entered the park to upgrade their intelligent high-end equipment production lines, took only five days from investigation to approval, making them the first in the industry to be approved.

In the next step, Shanxi Province will continue to promote the implementation of medium and long-term loans in the manufacturing industry, continue to consolidate the foundation for rapid development of resumption of work and production, strive to achieve a "good start" for the economy in 2023, and help high-quality economic development .